DCMSX vs. DBC
Compare and contrast key facts about DFA Commodity Strategy Portfolio (DCMSX) and Invesco DB Commodity Index Tracking Fund (DBC).
DCMSX is managed by Dimensional Fund Advisors LP. It was launched on Nov 8, 2010. DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DCMSX or DBC.
Correlation
The correlation between DCMSX and DBC is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DCMSX vs. DBC - Performance Comparison
Key characteristics
DCMSX:
0.96
DBC:
0.49
DCMSX:
1.42
DBC:
0.79
DCMSX:
1.17
DBC:
1.09
DCMSX:
0.33
DBC:
0.14
DCMSX:
2.17
DBC:
1.34
DCMSX:
5.06%
DBC:
5.17%
DCMSX:
11.47%
DBC:
14.03%
DCMSX:
-60.37%
DBC:
-76.36%
DCMSX:
-24.68%
DBC:
-44.16%
Returns By Period
In the year-to-date period, DCMSX achieves a 4.02% return, which is significantly lower than DBC's 4.35% return. Over the past 10 years, DCMSX has underperformed DBC with an annualized return of 1.89%, while DBC has yielded a comparatively higher 3.83% annualized return.
DCMSX
4.02%
4.48%
5.37%
10.44%
7.31%
1.89%
DBC
4.35%
5.15%
1.91%
6.53%
9.59%
3.83%
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DCMSX vs. DBC - Expense Ratio Comparison
DCMSX has a 0.31% expense ratio, which is lower than DBC's 0.85% expense ratio.
Risk-Adjusted Performance
DCMSX vs. DBC — Risk-Adjusted Performance Rank
DCMSX
DBC
DCMSX vs. DBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA Commodity Strategy Portfolio (DCMSX) and Invesco DB Commodity Index Tracking Fund (DBC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DCMSX vs. DBC - Dividend Comparison
DCMSX's dividend yield for the trailing twelve months is around 2.75%, less than DBC's 5.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DCMSX DFA Commodity Strategy Portfolio | 2.75% | 2.86% | 2.53% | 7.47% | 45.50% | 0.37% | 1.52% | 1.63% | 3.10% | 1.17% | 0.15% | 1.23% |
DBC Invesco DB Commodity Index Tracking Fund | 5.00% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DCMSX vs. DBC - Drawdown Comparison
The maximum DCMSX drawdown since its inception was -60.37%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for DCMSX and DBC. For additional features, visit the drawdowns tool.
Volatility
DCMSX vs. DBC - Volatility Comparison
DFA Commodity Strategy Portfolio (DCMSX) has a higher volatility of 3.98% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 3.54%. This indicates that DCMSX's price experiences larger fluctuations and is considered to be riskier than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.